July 2021

NEW ENERGY MATERIALS MARKET REPORT 02/07: Cobalt prices up on bullish markets

An overview of the new energy materials markets and their price moves from the past week.

GLOBAL LITHIUM WRAP: Rising spodumene price, firm hydroxide demand support complex

The global battery-grade lithium complex was steady over the week ended Thursday July 1, with market participants broadly optimistic about lithium hydroxide price momentum and citing tight feedstock availability.

Lithium carbonate prices in China further boosted by trader restocking

The price of technical-grade lithium carbonate in China rose for the second time since mid-June this week, amid active trader restocking, thereby improving sentiment in the battery-grade chemicals market, sources told Fastmarkets.

Blackstone unit to boost lithium-ion battery capacity tenfold

The German subsidiary of Blackstone Resources AG is to increase its lithium-ion battery production capacity tenfold, the company said.

Nissan, Envision AESC launch $1.38bln electric vehicle hub in UK

Japanese carmaker Nissan and Envision AESC, the battery arm of Shanghai-based green tech company Envision Group, will invest £1 billion ($1.38 billion) to create a new energy hub in the north-east of England.

GEM subsidiary to invest and build battery-grade high-purity nickel, cobalt salts project

Chinese battery materials producer GEM’s subsidiary company will invest in a battery-grade high-purity nickel and cobalt salts project with an annual capacity of 100,000 tonnes in Jinmen, Hubei province, the company announced on Wednesday June 30.